WOORI BANK | CIK:0001264136 |

Filed: 4/30/2018

Entity registrant name: WOORI BANK (CIK: 0001264136)

Generator: Fujitsu

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10. LOANS AND RECEIVABLES

(1) Details of loans and receivables are as follows (Unit: Korean Won in millions):

(2)	Details of due from banks are as follows (Unit: Korean Won in millions):


	December 31, 2016			December 31, 2017
Due from banks in local currency:
Due from the Bank of Korea		11,395,162			6,246,496
Due from the depository banks		3			30,003
Due from non-monetary financial institutions		9,811			150
Due from the Korea Exchange		1,625			50,000
Others		73,283			97,365
Allowance for credit losses		(2,798	)		(1,541	)

Sub-total		11,477,086			6,422,473

Due from banks in foreign currencies:
Due from banks on demand		877,636			794,353
Due from banks on time		1,684,631			972,915
Others		778,418			679,554
Allowance for credit losses		(2,295	)		(917	)

Sub-total		3,338,390			2,445,905

Total		14,815,476			8,868,378

(3) Details of restricted due from banks are as follows (Unit: Korean Won in millions):



Financial institution	Counterparty	December 31, 2016		Reason of restriction
Due from banks in local currency:
Due from the Bank of Korea	The Bank of Korea		11,395,162	Reserve deposits under BOK Act
Others	Samsung Investment & Securities Co., Ltd. and others		70,304	Reserve deposits of the futures, option and others

			11,465,466

Due from banks in foreign currencies:
Due from banks on demand	The Bank of Korea and others		854,612	Reserve deposits under BOK Act and others
Others	The People’s Bank of China and others		778,418	Reserve deposits and others

			1,633,030

			13,098,496



Financial institution	Counterparty	December 31, 2017		Reason of restriction
Due from banks in local currency:
Due from the Bank of Korea	The Bank of Korea		6,246,496	Reserve deposits under BOK Act
Others	the Korea Exchange and others		94,394	Central counter party KRW margin and others

			6,340,890

Due from banks in foreign currencies:
Due from banks on demand	The Bank of Korea and others		787,520	Reserve deposits under The BOK Act and others
Others	The People’s Bank of China and others		367,108	Reserve deposits and others

			1,154,628

			7,495,518

(4) Details of loans are as follows (Unit: Korean Won in millions):


	December 31, 2016			December 31, 2017
Loans in local currency		191,309,481			200,213,230
Loans in foreign currencies		14,101,839			13,147,888
Domestic banker’s letter of credit		3,754,030			2,516,907
Credit card accounts		6,673,765			6,827,295
Bills bought in foreign currencies		7,758,575			8,197,159
Bills bought in local currency		414,451			334,714
Factoring receivables		96,763			137,523
Advances for customers on guarantees		25,197			23,620
Privately placed bonds		328,405			362,319
Securitized loans		252,690			563,152
Call loans		2,985,077			3,003,455
Bonds purchased under resale agreements		8,854,753			16,859,064
Loan origination costs and fees		458,639			510,860
Others		251,635			607,325
Present value discount		(13,827	)		(10,988	)
Allowance for credit losses		(1,850,888	)		(1,770,222	)

Total		235,400,585			251,523,301

(5) Details of other receivables are as follows (Unit: Korean Won in millions):


	December 31, 2016			December 31, 2017
CMA accounts		190,000			135,000
Receivables		5,417,676			4,459,318
Accrued income		1,080,489			1,026,273
Telex and telephone subscription rights and refundable deposits		1,019,577			984,620
Other debtors		639,945			166,877
Allowance for credit losses		(171,115	)		(57,563	)

Total		8,176,572			6,714,525

(6) Changes in allowance for probable credit losses on loans and receivables are as follows (Unit: Korean Won in millions):


	For the year ended December 31, 2015
	Consumers			Corporates			Credit card			Others			Total
Beginning balance		(326,435	)		(2,128,090	)		(129,117	)		(370,264	)		(2,953,906	)
Net provision		(103,166	)		(744,416	)		(180,563	)		(83,994	)		(1,112,139	)
Recoveries of written-off loans		(29,219	)		(198,089	)		(34,207	)		—			(261,515	)
Charge-off		240,541			1,139,102			198,077			592			1,578,312
Sales of loans and receivables		2,518			138,055			—			866			141,439
Unwinding effect		12,514			99,854			—			—			112,368
Others		(186	)		7,390			—			10,180			17,384

Ending balance		(203,433	)		(1,686,194	)		(145,810	)		(442,620	)		(2,478,057	)


	For the year ended December 31, 2016
	Consumers			Corporates			Credit card			Others			Total
Beginning balance		(203,433	)		(1,686,194	)		(145,810	)		(442,620	)		(2,478,057	)
Net provision		(73,356	)		(536,359	)		(207,730	)		(73,318	)		(890,763	)
Recoveries of written-off loans		(53,679	)		(192,183	)		(44,393	)		(19,233	)		(309,488	)
Charge-off		155,424			722,359			242,561			236,857			1,357,201
Sales of loans and receivables		2,055			113,177			—			91,800			207,032
Unwinding effect		10,319			66,901			—			—			77,220
Others		(1,188	)		13,457			—			(2,510	)		9,759

Ending balance		(163,858	)		(1,498,842	)		(155,372	)		(209,024	)		(2,027,096	)


	For the year ended December 31, 2017
	Consumers			Corporates			Credit card			Others			Total
Beginning balance		(163,858	)		(1,498,842	)		(155,372	)		(209,024	)		(2,027,096	)
Net provision		(131,275	)		(539,222	)		(203,968	)		12,192			(862,273	)
Recoveries of written-off loans		(45,060	)		(84,413	)		(51,366	)		(68	)		(180,907	)
Charge-off		142,099			453,249			228,640			63,181			887,169
Sales of loans and receivables		898			65,145			—			29,186			95,229
Unwinding effect		8,643			36,548			—			—			45,191
Others		908			211,729			1			(193	)		212,445

Ending balance		(187,645	)		(1,355,806	)		(182,065	)		(104,726	)		(1,830,242	)